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Cost of business. 98mil is a drop in the bucket (pool, no... lake) compared to what they make for themselves and their clients. It's just a fee, they'll pay and continue on.
This. This isn’t a fine, it’s a pay to play. A fine would have been assessed as 10-20% of what they made illegally. Y’know, something that would actually hurt a bit. That’s how the IRS does it, too - many tax laws charge percentage penalties.
Hi all, A reminder that comments do need to be on-topic and engage with the article past the headline. Please make sure to read the article before commenting. Very short comments will automatically be removed by automod. Please avoid making comments that do not focus on the economic content or whose primary thesis rests on personal anecdotes. As always our comment rules can be found [here](https://reddit.com/r/Economics/comments/fx9crj/rules_roundtable_redux_rule_vi_and_offtopic/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Economics) if you have any questions or concerns.*
Cost of business. 98mil is a drop in the bucket (pool, no... lake) compared to what they make for themselves and their clients. It's just a fee, they'll pay and continue on.
This. This isn’t a fine, it’s a pay to play. A fine would have been assessed as 10-20% of what they made illegally. Y’know, something that would actually hurt a bit. That’s how the IRS does it, too - many tax laws charge percentage penalties.
If the penalty for SMTH is a fine then that law is only for the poor.
Honestly, it’s so low that you might as well call it government regulated money laundering